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New Jersey is off… again 08:50
Hulk gets paid 08:50
Drivers are over reacting
During yesterday’s FP2 both Fernando Alonso and Sebastian Vettel suffered punctures between turns 13 and 14. Drivers now want a guarantee from Pirelli that the tyres are safe to race on. Eddie Jordan though believes they [the drivers] are over reacting, “That’s an overreaction, but all the drivers are spoiled.”
Similar to tyre failures earlier this season Pirelli is adamant there is no structural problems and is blaming debris on the track for causing the punctures however Webber, outspoken as usual said, “We need answers. And ‘debris’ is not the answer“.
Saturday’s qualifying and Sunday’s race is set to be a damp affair so may just be Pirelli’s saving grace.
New Jersey is off… again
The Grand Prix of the America, supposed to be held in New Jersey with the Manhattan skyline as backdrop is not going to happen in 2014. These are the words of our emperor Bernie Ecclestone. In an interview with CNN Mr E said, “It’s not on the cards for next year,” adding that the problem is “they haven’t got any money.”
Back in May TJ13 reported on why the race would not happen and the challenges it faced… “Remember, the state of New Jersey has been promised by its Governor – the rather obese Chris Christie (in clip No.1) – that not a dime of public money will be spent on this project“. When Chris Pook was appointed a week later as ‘a special assistant to the Chairman’ with responsibilities to “provide consultation with respect to all aspects of construction, planning and execution of the Grand Prix of America at Port Imperial race.” TJ13 reported that this was great but, where is the cash…
Grand Prix of America spokesman Alex Howe insisted they expected the race would go ahead.”We don’t comment on financial matters but we are on track for 2014 and will have a statement following the announcement of the official 2014 FIA Formula One World Championship schedule“. Fear not, the first draft is expected at the end of August so the wait is short.
Hulk gets paid
Yesterday TJ13 reported that Sirotkin has signed for Sauber. It now appears that this was the requirement prior to payments being made to drivers.
AMuS reported that Hulkenberg’s manager confirmed they have been paid. “We have the money” said Werner Heinz. He continued to say things are looking good at Sauber for the future.
With that in mind, after Kimi, Hulkenberg is just as sought after for 2014. Coming at a much lesser price tag than the Iceman, Hulkenberg is talking to Lotus and may also have options to go to Ferrari or back to Force India.
Three different engine manufacturers, which one will be best… Need a crystal ball Hulk?
Is there any truth in rumours Michelin will supply F1 with tyres in 2014?
Last night rumours started doing the rounds in the Spa paddock that Michelin could become F1’s sole tyre supplier in 2014. Reports now claim that Michelin boss Pascal Couasnon will be meeting with Bernie Ecclestone next week and have already met with the FIA and Jean Todt.
When asked about Michelin being the supplier next year Paul Hembery said, “I can not comment, that’s a question for Michelin. Anyway, we took a number of contracts, and I would like to see them respected“. According to Speed Week Pirelli has signed supplier contracts with 10 teams and also have an agreement with Ecclestone (commercial) but we all know what the value of a contract is in F1. What is the worth of a contract when you are not the official FIA tyre supplier. Teams running on Pirelli tyres will be deemed illegal to race.
Hembery feels the tender process should have been done last year if the ruling body wanted to change suppliers. “If you wanted to do that then it should have been done in September of last year. Everybody will look ridiculous in that scenario.”
Pirelli is well advanced in their development of their 2014 tyres based on the engine specification the manufacturers provided them with. Will Michelin be able to respond quick enough or have they also received a copy of the engine specifications and have been at work on tyres for 2014?
Lotus money troubles, just does not want to go away
Raikkonen’s admission this weekend in Spa that he has yet to be paid all the money Lotus owes him yet again raised questions about their financial health. According to Gerard Lopez, owner of Lotus F1 and Genii Capital there is no problem.
When asked about their debt Lopez told AMuS “It is €120 million but four-fifths of it we owe to ourselves, to Genii, because we do not sponsor the team but finance it through loans“. According to Lopez he wants ensure that the team continues to be well funded to stay competitive and he is not concerned when they get their money back.
“We continue to look for partners to join the team. It’s not about getting money back quickly now.” Lotus is looking for a title sponsor and does not want to commit to a ‘small’ sponsor for 4-5 years, they would rather wait for a big one.
Is this the correct approach though? Surely some additional income is better than nothing and regardless of who you owe money to, it is debt.